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That's nonsense. There are many drivers of retirement income. The least of which is how long you work. Very few people who "work" for 40yrs, end up with a comfortable retirement (most probably end up on the pension). Investment is the biggest driver, as well as building multiple streams of...

I'd say $70K after tax. But it's doable on $50K. Try spending $1K a week now consistently on "life style". It's a fair bit of money. Question? Why can't you do all these things now "travel extensively and go out for lunch/dinner whenever I want. ". Travel can be really cheap as well...

Most people aren't married to a Chinese spouse :p The family CEO makes sure this happens. I'm just the minion CFO reporting up :D Russel Peter Impression of Chinese But, like many have said, the amount you need to live every year depends on how extravagant your life is, or you want in to be...

I don't care about the rabble that will be living off only super and a pension suppliment. This is an investment site, and I'm talking about those that are actively investing for retirement. I'm talking about those of us who currently save and invest 50% of combined income. When retiring...

Not true. Much of your current income is used to build up assets to fund your retirement. I would think most would be saving and investing maybe 50% of current income. So your income can eventually fall to 50% of what it is now at retirement (when you no longer need to keep accumulating...

Maybe about $70K/yr. $35K in discretionary spending + $35K in essentials now (rent on harbour $500, bills, etc). We don't spend extravagantly. Even when travelling, its 3 and 4 star mostly, but enjoy eating out, entertainment. On par with what we would be comfortable to retiring on (moving...